Cyprus Double Tax Treaties (table)

Date of last update: 1 January 2014

The following tables show the rates of withholding tax deducted from income, with countries that have signed a double taxation treaty with Cyprus.

 Received in Cyprus

                                                                Dividends                     Interest            Royalties

 

%

%

%

 

Armenia

0(32)

5(33)

5

 

Austria (31)

10

0

0

 

Belarus

5(4)

5

5

 

Belgium

10(1)

10(16)

0

 

Bulgaria

5(19)

7(25)

10(20)

 

Canada

15

15(7)

10(11)

 

China

10

10

10

 

Czech Republic

0(30)

0

10

 

Denmark

0(34)

0

0

 

Egypt

15

15

10

 

Estonia(35) 

0

0

0

 

France

10(2)

10(9)

0(26)

 

Germany

5(2)

0

0

 

Greece

25

10

0(12)

 

Hungary

5(1)

10(8)

0

 

India

10(2)

10(8)

15(15)

 

Ireland

0

0

0(12)

 

Italy

15

10

0

 

Kuwait(31)

10

10(8)

5(14)

 

Kyrgyzstan (27)

0

0

0

 

Lebanon

5

5(16)

0

 

Malta

0(22)

10(8)

10

 

Mauritius

0

0

0

 

Moldova

5(19)

5

5

 

Montenegro(28)

10

10

10

 

Norway

5(3)

0

0

 

Poland

0(36)

5(8)

5

 

Qatar

0

0

5

 

Romania

10

10(8)

5(14)

 

Russia

5(6)

0

0

 

San Marino

0

0

0

 

Serbia(28)

10

10

10

 

Seychelles

0

0

5

 

Singapore

0

10(23)

10

 

Slovakia(29)

10

10(8)

5(14)

 

Slovenia

5

5(33)

5

 

South Africa

0

0

0

 

Sweden

5(1)

10(8)

0

 

Syria

0(1)

10(8)

15(13)

 

Tajikistan (27)

0

0

0

 

Thailand

10

15(17)

5(18)

 

Ukraine(21)

0

0

0

 

United Arab Emirates(35)

0

0

0

 

United Kingdom

0(24)

10

0(26)

 

USA

15(5)

10(10)

0

 

Uzbekistan(27)

0

0

0

 

                                              

Paid from Cyprus*

                                                                Dividends              Interest        Royalties

 

%

%

%

Non-treaty countries

0

0

0**

Armenia

0(32)

5(33)

5

Austria (31)

10

0

0

Belarus

5 (4)

5

5

Belgium

10(1)

10

0

Bulgaria

5(19)

7(25)

10

Canada

15

15(7)

10(11)

China

10

10

10

Czech Republic

0(30)

0

10

Denmark

0(34)

0

0

Egypt

15

15

10

Estonia(35)

0

0

0

France

10(2)

10(9)

0(26)

Germany

5(2)

0

0

Greece

25

10

0(12)

Hungary

0

10(8)

0

India

10(2)

10(8)

15(15)

Ireland

0

0

0(12)

Italy

0

10

0

Kuwait(31)

10

10(8)

5(14)

Kyrgyzstan (27)

0

0

0

Lebanon

5

5(16)

0

Malta

15

10(8)

10

Mauritius

0

0

0

Moldova

5(19)

5

5

Montenegro(28)

10

10

10

Norway

0

0

0

Poland

0(36)

5(8)

5

Qatar

0

0

5

Romania

10

10(8)

5(14)

Russia

5(6)

0

0

San Marino

0

0

0

Serbia(28)

10

10

10

Seychelles

0

0

5

Singapore

0

10(23)

10

Slovakia(29)

10

10(8)

5(14)

Slovenia

5

5(33)

5

South Africa

0

0

0

Sweden

5(1)

10(8)

0

Syria

0(1)

10(8)

15(13)

Tajikistan (27)

0

0

0

Thailand

10

15(17)

5(18)

Ukraine(21)

0

0

0

United Arab Emirates(35)

0

0

0

United Kingdom

0

10

0(26)

USA

0

10(10)

0

Uzbekistan(27)

0

0

0

 

Notes

  • Payments of dividends and interest to non-residents are exempt from withholding tax in Cyprus according to the Cyprus Legislation. Royalties granted for use outside of Cyprus are also free of withholding tax in Cyprus.

**   10% in the case of royalties granted for use within the Republic.  5% on film and TV rights.

  1. 15% if received by a company controlling less than 25% of the voting power.
  2. This rate applies if received by a company controlling more than or equal to 10% of the voting power. 15% in all other cases.
  3. NIL if paid to a company controlling at least 50% of the voting power.
  4. This rate applies if the amount invested by the beneficial owner is over €200.000 irrespective of the % of voting power acquired. 10% is imposed if received by a holder of at least 25% of the share capital of the paying company. Otherwise the rate is 15%.
  5. 5% if received by a company controlling at least 10% of the voting power.
  6. 10% if received by a company, which has invested less than €100,000.
  7. NIL if paid to the Government or for export guarantee.
  8. NIL if paid to the Government of the other State or to a financial institution.
  9. NIL if paid to the Government of the other State or in connection with the sale on credit of any industrial, commercial or scientific equipment or any merchandise by one enterprise to another or in relation to any form of loan granted by a bank or is guaranteed from government or other governmental organization.
  10. NIL if paid to the Government of the other State, to a bank or a financial institution or in respect to debt obligations arising in connection with sale of property or the provision of services.

 

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